Comercial Mexicana Surges on MSCI Inclusion: Mexico City Mover

The Mexico City-based retailer climbed 5.3 percent, the
most since June 14, to 39.44 pesos. Steelmaker Industrias CH
SAB (ICHB), which will also be added to the index, gained 5 percent,
the most in three months, to 81.79 pesos.

Petrochemical company Alpek SAB (ALPEKA), a publicly-traded unit of
San Pedro Garza Garcia, Mexico-based Alfa SAB (ALFAA), increased 5.7
percent to 33.78 pesos after the announcement that it will be
included in the gauge, making it the top gainer on the benchmark
IPC index of 35 Mexican stocks. That was its largest one-day
increase since going public in April.

“The index is a sample portfolio and being included in it
should in principle make demand for these shares grow,” Gerardo Copca, an analyst with research company Metanalisis SA, said in
a telephone interview from Mexico City.

The three companies will gain inclusion in the MSCI index
as of the Nov. 30 market close, MSCI Inc. said in a statement on
its website. Grupo Aeroportuario del Pacifico SAB will also be
added to MSCI’s Mexico index. The airport operator fell 0.8
percent to 62.54 pesos.